March 15, 2025 - 12:55
In a spirited response to proposed regulations, Ocean City realtors and local homeowners are banding together to oppose a new ordinance that seeks to limit short-term rentals in designated areas of the town. The ordinance, aimed at addressing concerns over noise, parking, and neighborhood integrity, has sparked significant backlash from those who rely on rental income and tourism for their livelihoods.
Realtors argue that such restrictions could negatively impact the local economy, particularly in a community where short-term rentals contribute substantially to tourism revenue. Homeowners express concerns that the limitations could devalue their properties and diminish their ability to host visitors, which has become an integral part of the Ocean City experience.
Community meetings have been organized to discuss the implications of the ordinance, with many residents voicing their opposition and calling for a more balanced approach to rental regulations. The debate highlights the ongoing tension between preserving community character and supporting economic growth in popular vacation destinations.
August 2, 2025 - 17:30
National House Price Index Sees Year-Over-Year IncreaseThis week, the latest data from the Case-Shiller National House Price Index revealed a positive trend in the real estate market, with prices rising by 2.3% year-over-year in May. This growth...
August 2, 2025 - 03:21
Embracing Summer on Long Island: Insights from Top BrokersOn Long Island, there are a plethora of ways to enjoy summer. As the warm weather arrives, many residents and visitors look forward to the vibrant activities that the season brings. Top real estate...
August 1, 2025 - 04:20
Profit Margins for Real Estate Brokerages Begin to StabilizeAfter the rockiness of 2022 and 2023, recent data indicates that profit margins for real estate brokerages in the U.S. are showing signs of stability. The fluctuations in the market over the past...
July 31, 2025 - 17:58
Home Prices Decline in Key U.S. Cities Amid Economic UncertaintyPrices are declining in certain places as the supply of homes for sale outpaces demand, with high costs and economic uncertainty sidelining would-be buyers. Recent reports indicate that 14 major...